Comment and Blogs
You may be forgiven for thinking regulations in respect of workplace pensions has little to do with SIPPs, yet recent proposals from the FCA could catch many thousands of SIPPs in the workplace net.
An independent pension commission is something for which we at AJ Bell have long campaigned.
Read more: Lisa Webster: Calls for independent pension commission grow louder
On 1 November we will see the first big changes come into force as a direct result of the Retirement Outcomes Review (ROR) – the FCA’s big piece of work on the post-pension freedoms world. Although the ROR focuses primarily on non-advised clients there are knock-on effects that will be felt by all clients, and their advisers too.
The Financial Conduct Authority (FCA) is concerned about how pension freedoms are impacting consumers and quite rightly so, especially with regards to those accessing their retirement savings and not taking advice, putting them at risk of running out of money, or worse, being scammed.
Before you think you are reading an old article, I am of course referring to the start of the new tax year.
There has been unprecedented change in the pensions industry in recent years and SIPPs have been no exception.
Read more: Elaine Turtle: The rise of single investment SIPPs